Public and Indian Housing Indian Loan Guarantee Program
Program Funding
Annual program obligations reported to SAM.gov.
Funded Projects
Examples of what this program has supported.
Program Objective
To provide access to sources of private financing so Native American families can become homeowners in Indian Country.
Eligibility
Eligible Applicants
- Tribal
American Indians or Alaska Natives who are members of a federally recognized tribe, federally recognized Indian tribes, Tribally Designated Housing Entities, and Indian Housing Authorities
How to Apply
Award Procedure
The financial institution obtains and reviews all documentation and forwards it to HUD's Office of Native American Programs. HUD sends the Section 184 Loan Guarantee Firm Commitment Form to the Lender if the mortgage meets the Section 184 Program underwriting criteria. The financial institution is responsible for assuring Tribal eligibility, land status, property acceptability and the creditworthiness of the loan applicant. HUD has responsibility for the approval or disapproval of the loan (the application for loan guarantee). Eligible lenders may originate loans under the Direct Guarantee Program. Direct Guarantee lenders underwrite, approve, and close the loan prior to submission to HUD for the Loan Guarantee Certificate.
Decision Timeline
- Approval: From 15 to 30 days
- Appeal: From 15 to 30 days
There are no specific time requirements for the processing of these loans.
Program details & compliance
Description
The Section 184 Indian Home Loan Guarantee Program is a home mortgage product specifically designed for American Indian and Alaska Native families, Alaska villages, tribes, or tribally designated housing entities.
Mission Categories
Primary: Homebuying, Homeownership
Other categories:
American Indian or Alaskan Native Housing
Use of Funds
Allowed Uses
A loan guaranteed by this program may be used to construct, acquire, or rehabilitate eligible housing.
Restrictions
The loan guarantee may only be be used by a Tribe or Tribal member in an elgible location.
Required Documentation
Loan applicants must provide the lender with documentation on eligibility, assets, income, debts and liabilities to show ability to obtain and repay the mortgage loan.
Reporting & Compliance
Applicable 2 CFR 200 Subparts
- Subpart F — Audit Requirements
Formula
This program has no formula matching.